Typical buyer overly positive sentiment. Thats why they say, agents need to only sell once. After that the buyers themselves will become like agents and keep talking to ensure prices dont drop. Everything looks very rosy on paper but a real investor would know how the secondary market is doing right now and would be very worried especially since TG is testing very high boundaries with their pricing in this area.

Im waiting to see how many owners will be able to hold on to their units post GST upon VP. Right now everybody is saying that property prices will go up but they forget that everything else including cost of living will also go up. When cost of living goes up while salaries remain stagnant, the affordability bracket will reduce. Who then is gonna buy these units subsale when there are no longer any freebies and when banks dont value at the prices which they want?

Im just gonna sit back and watch the fun in 2016 when the first batch of units at TG gets VP.

I agree somewhat with what you say.

I take TTDI for example. Condo's here are only about 650-730psf (based on actual transacted units). Although they are much older but many like Kiara Park Condo for instance, is very well maintained and prices have been strong for many years. The newer ones like Sinaran are about 1,000psf. Plus TTDI has 2 MRT stations nearby although not within walking distance in addition to the LRT Phase 3 hub in Bandar Utama.

Hence why i find it difficult to comprehend how investing in a 1,100psf condo at the rear end of Kota Damansara is a good decision compared to an established address like TTDI?

The latest transaction was 900k for a 1356 sq ft 1st floor low rise courtyard semi reno unit.

Yeah you could be right. But how many investors have experience in buying properties next to malls? How many of them know that malls can either bring very good value or can even bring down the value later? Many of them actually buy on the assumption that the Mall will add alot of value to their unit cuz thats what the agents tell them. And its probably true. But what Dijaya has done for TG is factor in this appreciation into the original sale price so instead of the buyer taking the profit upon VP, Dijaya has already pocketed it in advance while telling buyers that the price will go up even higher later upon VP.

If TG in Kota Damansara can hit an actual bank valuation subsale price of say 1,200psf in 2016, what do you think would happen to areas like Mont Kiara and KLCC?

Anyway, ill also be happy if TG subsale prices can hit the targets cuz it probably means the economy is in good shape and other KV condos would also be enjoying good returns. But ask anybody in the know and they will tell you that 2016 is gonna be a very critical year for Malaysia and ASEAN in general. And most are predicting a bleak 2016 for various reasons.